Monday, June 17, 2024

Coca-Cola Europacific Partners signs landmark renewable electricity agreement

Coca-Cola Europacific Partner’s (CCEP) Australian operations will move closer to its goal of utilising 100 per cent renewable electricity, thanks to an agreement with Alinta Energy and supported by one of Western Australia’s largest wind farms.

CCEP has signed an eight-year agreement that will propel its ambition to achieve net zero by 2040 for direct emissions. As part of this target, CCEP is working towards a goal of 100 per cent renewable electricity across its operations by 2025.

The long-term agreement which commences on 1 January 2023, includes large-scale generation certificates and 13,000 MWh a year of renewable electricity supplied from the Yandin Wind Farm, located in the wheatbelt town of Dandaragan, 175km north of Perth.

Coca-Cola Europacific Partners’ Vice President & General Manager of Australia, Pacific, and Indonesia Peter West says the landmark agreement bolsters CCEP’s commitment to tackling climate change.

“CCEP is taking serious action to reduce our carbon footprint across our operations, and as a global business, we have set bold targets. Our partnership with Alinta Energy brings us a step closer to achieving our target of 100 per cent renewable electricity by 2025, which is one of the ways we’ll reach net zero by 2040,” Mr West said.

Alinta Energy’s MD and CEO Jeff Dimery welcomed the long-term commitment from CCEP Australia and its iconic brands.

“Coca-Cola Europacific Partners has been ambitious and enthusiastic about transitioning their business to renewables.

“It’s terrific leadership and we congratulate them on their long-term commitment,” Mr Dimery said.

Alinta Energy has also made significant progress towards meeting its own renewables ambition to have 1500MW of owned and contracted renewable generation online by 2025. With 900MW of owned and contracted renewables on the books and several gigawatts of significant projects under development, the company has almost two-thirds of the generation required to meet its target.

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